Larsen & Toubro eyes Qatar building sector

Indian engineering and technology company, Larsen and Toubro, is eyeing up Qatar’s hydrocarbon and infrastructure sectors. It is particluarly interested in its engineering, construction, fabrication and manufacturing industries.

Indian international engineering and technology giant, Larsen and Toubro has expressed interest in widening its participation in Qatar’s hydrocarbon and infrastructure sectors. A M Naik, chairman and managing director of the company, said it was eyeing prospects in engineering, construction, fabrication and manufacturing, according to reports. Naik said: “L&T would like to build a stable and long term partnership with the industry in the GCC region, particularly Qatar. We are already a significant player in Qatar directly, and through our Doha-based subsidiary, L&T-Qatar. We are now looking to expand our presence in the hydrocarbon, power and infrastructure sectors.” He said that links between India and Qatar go back to ancient times and India’s dependability as a trading partner to the GCC countries has withstood the uncertainties of global political developments. “The geographic proximity, complementary capabilities and cultural affinity we share with the Arab world will serve to enhance the involvement of L&T in the region,” he added. L&T has been involved in several major projects in Qatar such as the execution of high-end engineering projects such as oil and gas platforms and the supply of vital equipment to Qatar Petroleum and process plant equipment to Qatar Fertiliser. L&T’s construction division has built two stadiums in Qatar and is currently associated with building a section of the Asian Games Village, the 36-storeyed Al Jazeera Tower in West Bay and the construction of a power plant in Ras Laffan. “Qatar has enormous prospects in the Liquefied Natural Gas sector and is well on it’s way to becoming the capital-surplus nation of global significance. Given the nature of L&T’s main businesses which include technology, engineering and construction, infrastructure development, power plants and distribution, we are well placed to contribute significantly to this high trajectory of growth and development,” Naik added.